Thailand, Pakistan to sign trade pact

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Pakistan’s foreign minister Hina Rabbani Khar

Thailand is set to ink a free trade agreement with Pakistan to further boost trade and economic cooperation with the Middle East country. Thai foreign minister and deputy prime minister Surapong Tovichakchaikul met on January 10 with Pakistan’s foreign minister Hina Rabbani Khar in Islamabad to discuss the proceedings.

Bilateral trade between the countries has recently exceeded the $1 billion mark. A feasibility study on a possible FTA has already been conducted, and a joint trade committee has now been tasked to speed up work on finalisation of the FTA.

The two sides also discussed inauguration of a Pakistan-Thailand joint business forum to promote bilateral trade and investment as well as tourism. 56,000 Pakistanis visited Thailand last year as tourists.

The Pakistan government said it  wanted Thai investors to invest in infrastructure development, food processing, gem stones and auto parts development in Pakistan. Both countries also agreed to enhance their security and defense cooperation to combat terrorism and other international crimes through increased intelligence sharing.

The Pakistani side reiterated its invitation to Yingluck Shinawatra, the Prime Minister of Thailand, to visit Pakistan.

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Reading Time: 1 minute

Pakistan’s foreign minister Hina Rabbani Khar

Thailand is set to ink a free trade agreement with Pakistan to further boost trade and economic cooperation with the Middle East country. Thai foreign minister and deputy prime minister Surapong Tovichakchaikul met on January 10 with Pakistan’s foreign minister Hina Rabbani Khar in Islamabad to discuss the proceedings.

Reading Time: 1 minute

Pakistan’s foreign minister Hina Rabbani Khar

Thailand is set to ink a free trade agreement with Pakistan to further boost trade and economic cooperation with the Middle East country. Thai foreign minister and deputy prime minister Surapong Tovichakchaikul met on January 10 with Pakistan’s foreign minister Hina Rabbani Khar in Islamabad to discuss the proceedings.

Bilateral trade between the countries has recently exceeded the $1 billion mark. A feasibility study on a possible FTA has already been conducted, and a joint trade committee has now been tasked to speed up work on finalisation of the FTA.

The two sides also discussed inauguration of a Pakistan-Thailand joint business forum to promote bilateral trade and investment as well as tourism. 56,000 Pakistanis visited Thailand last year as tourists.

The Pakistan government said it  wanted Thai investors to invest in infrastructure development, food processing, gem stones and auto parts development in Pakistan. Both countries also agreed to enhance their security and defense cooperation to combat terrorism and other international crimes through increased intelligence sharing.

The Pakistani side reiterated its invitation to Yingluck Shinawatra, the Prime Minister of Thailand, to visit Pakistan.

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